The reason for the title is that I feel like I'm in a similar state to March of '19, when I was in addition to Bitcoin and the mainstream that people are familiar with. The new concept of platform currency and a variety of small market value currencies that you don't understand are flying around, so that everyone has a very serious sense of space:
This year is still the new laugh, old people cry.
Have the pies gone up in the last few months? It's gone up. But are a lot of people happy? I guess not.
In particular, friends who only have Bitcoin are estimated to be greedy by others. Because the concept of DeFi Eco coin is really up too.
At every turn several times the increase, simply let everyone acid and acid.
The total market value of DeFi has increased sevenfold in the past three months:
On April 14, DeFi had a total market value of $1 billion
DeFi's total market value reached $2 billion on June 9
On June 16, COMP started the DeFi boom when it started mining
On June 25, DeFi's total market value exceeded $6 billion
On July 4, DeFi had a total market value of $6.6 billion
On July 5, DeFi had a combined market capitalisation of $7billion
And it's still rising. By the time I wrote it, it had exceeded $7 billion.
Well, I believe that many people have also Takong, but the hot things, Takong is normal. There are so many hot spots in 18 years, so many hot spots in 19 years, how many hot spots do you remember in the end?
So the core of the problem is that you need to understand how hot spots are created and how they are hyped, not because of FOMO sentiment to blindly catch up.
I guess a lot of people still don't know what DeFi Money Link has to do with DeFi, the first DeFi Concept Coin to break into the top 10.
Compared to last year's platform currency, the concept of DeFi is very easy to understand and parse. For many people, DeFi is relatively strange and difficult to understand. But the so-called "decentralized finance", the core is still in the word "finance", do and we are familiar with the traditional financial business is no different, but they put the big institutions, into a smart contract.
This is the top DeFi project so far:
So after the overall ecology of this year, the business volume of each project is a substantial increase, so quickly reflected in the currency.
The rise in the currency price with real business support is the reason why many people are keen to continue to pursue the DeFi concept currency.
After 18 years of pain that insiders don't want to recall, people don't want to fry the air anymore, whether it's cross-chain, future IPFS, or the current hot DeFi, their core is the same, that is, they have real business needs to support.
In fact, this point from the beginning of last year, the platform currency wave started last year, the reason is that people find the real currency circle has real cash flow and profit support only the exchange, Only the platform currency "is not air", so all the platform currency is hot fried.
There are real business support of the concept of currency, is the main theme of the future of the currency circle speculation.
In short, every mature DeFi project is backed up by funds, mature products, transparent contracts and mechanisms. They are not the air. In a word, every mature DeFi project is backed up by funds, mature products, and transparent contracts and mechanisms.
Their valuation depends on what you predict about their future business and how much P/E the market will give them. There are products with data, far better than fried air.
Finally, or talk about hot plate on the impact of the "market".
I have had a doubt before, not the end of the market before the shanzhai fly? Now that I think about it, this year's defi concept is indeed similar to last year's platform currency concept, in fact, before bitcoin rose. Take the leading BNB, which has a bull market of nearly tenfold growth from December 18 to May 19.
During this period, bitcoin spent most of the time in the $3000 sideways, and later "barely" rose to $7000. But Bitcoin's "bull market" is in June, after the platform currency boom.
So if I had to guess, this year will be the rhythm, but last year it was CeFi, and this year it's DeFi. Last year it was BNB. What's leading this year? Link it. And so on Link flameout, almost is the market of pie.
If you are not in the car, do not worry, a good money hoarding. If you think this is the future, want to go to the car, then please do a good job of research, at least know what you are buying, it is based on what.
The era of speculation in the air has passed, do not blindly charge, should be a good platoon of troops deployed is.
Disclaimer: A lot of the items mentioned in this article are not in the car, so this article is definitely not as investment advice.